(Corrects the premium to a cash price premium, not a percentage increase)

DUBAI, April 13 (Reuters) - Saudi Arabia’s $9 billion debut international sukuk, launched and priced on Wednesday, was seen trading at a cash price premium of roughly 0.5 cents over the bond issue price in the grey market early on Thursday, traders said, illustrating demand that had generated orders of $33 billion.

The dollar sukuk, with a coupon of 2.894 percent for the five-year paper and 3.628 percent for the 10-year tranche, is the largest-ever Islamic bond and the largest emerging markets debt sale this year, beating Kuwait’s $8 billion conventional bond in March. (Reporting by Davide Barbuscia; Editing by David Goodman)